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Chinese Market for Medical Imaging Equipment to Exceed $2.5 billion by 2016
Date:8/8/2012

FARMINGTON, Conn., Aug. 8, 2012 /PRNewswire-iReach/ -- Medical imaging is a highly advanced technology segment in the already-advanced medical diagnostics market, encompassing everything from MRI to CT, from X-Ray to Ultrasound equipment. As the BRIC nations (Brazil, Russia, India, and China) continue their march toward modernization, the market for such advanced equipment will continue to grow. As these economies – and the rest of the world – emerge from recession into a new period of growth, knowing which technologies will hit their stride – and which ones will stumble – will be essential to businesses, investors, governments, and watch-dogs looking to capitalize on the shifting market.

(Photo: http://photos.prnewswire.com/prnh/20120808/CG54373)

Chinese Markets for Diagnostic Imaging Systems 2012

The Chinese market for diagnostic imaging equipment will grow over the next five years to over $2.5 billion, including MRI, CT, x-ray, ultrasound, and nuclear medicine systems. This rise comes due to an increase in government funding for health care in China. The Chinese government is looking to minimize the large gap in health care quality between rural and urban hospitals, so more funding will be supplied to rural hospitals to adopt diagnostic imaging systems, which will contribute heavily to the lower-end diagnostic imaging system segments.

Meanwhile, more affluent hospitals will replace their outdated systems with higher-end or premium systems. Despite these purchases, price erosion will occur due to heavy competition among domestic competitors, especially within low-end systems. The majority of the market will be dominated by multinational companies because of physician preference for high brand awareness in affluent hospitals in order to attract wealthy patients.

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SOURCE Global Information, Inc.
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